AMP has announced it has concluded a 12-month process assessing alternative advice models and will be selling its advice licensees and self-licensed offering.

Two financial advice professionals examine the cost-effectiveness of running your own AFSL, and whether the upfront and ongoing expenses are worth the benefits it provides.

AMP Capital’s chief economist Shane Oliver has shared five reasons why he believes the Reserve Bank of Australia will opt to cut rates next, while industry commentators have reacted to the latest decision.

AMP chief executive Alexis George has detailed to Money Management how its exit from advice will change the industry, allow greater scale for advisers and a new role for advice executive Matt Lawler.

Research has forecast how financial advice landscape demographics could look in 2050, including how many more Australian consumers will need complex advice.